KUALA LUMPUR (Sept 9): Affin Bank Bhd (KL:AFFIN) announced on Monday that it has appointed Hanif Ghulam Mohammed as the new chief executive officer of its investment banking arm, Affin Hwang Investment Bank Bhd, with immediate effect.
The appointment confirms a report by The Edge Malaysia for the week of Aug 11-17, citing sources, that Hanif was tipped to be the next Affin Hwang IB CEO.
Hanif, who currently serves on Bank Negara Malaysia’s Financial Markets Committee and chairs the Islamic Financial Markets Subcommittee, is succeeding Nurjesmi Mohd Nashir, who resigned from Affin Hwang IB in May and joined RHB Bank Bhd (KL:RHBBANK) as its head of wholesale banking operations in July.
"Hanif brings with him over two decades of experience in the banking sector, with a strong focus on treasury. Prior to this appointment, he served as executive director of Group Treasury at Affin Bank since December 2021. His career includes senior roles such as regional head of Islamic treasury and director of fixed income, reflecting his deep expertise in debt capital markets and Islamic finance," read a statement from the banking group.
“This internal leadership transition underscores Affin Hwang Investment Bank’s commitment to fostering strategic growth and delivering excellence in the evolving investment banking landscape," said president and group CEO of Affin group, Datuk Wan Razly Abdullah.
"Hanif’s proven track record, deep debt capital markets knowledge, treasury expertise, and leadership in shaping Malaysia’s Islamic financial markets position him well to steer our investment banking arm forward. With his appointment, we are confident Affin Hwang Investment Bank will continue to strengthen its market position, drive innovation, and deliver long-term value to our clients, shareholders, and stakeholders, in line with our AX28 Strategic Plan,” Wan Razly added.